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Car Insurance- be Aware of Tricks on Car Write-offs

If you are unlucky enough to have an accident and your car is a write-off, the last thing you need is to be strung along by an insurer looking to make extra money from you. You may have had to go to hospital, and the injuries you received are only compounded by the tricks that the insurers play.

When you buy your car insurance you have to give an excess which is the amount you agree to pay if you have an accident. The amount you are offered as a settlement should be sufficient enough to allow you to buy a similar car in similar condition in your local area but the problem is; car prices are negotiable so insurers rarely agree with the driver on the value of the car.

We know that cheap car insurance is widely available but when the insurers try their tricks, many customers become sceptical. A trick that the insurers try is offering customers a lower settlement because they know the driver needs transport and they try and play on this and also earn themselves an extra couple of hundred pounds.

Another trick that has caught a lot of people out is when insurers pay a settlement by cheque. They avoid direct conversation with driver and they accompany the cheque with a letter explaining that once banked, the matter is considered closed and customers don’t realise this.

So what can you do to ensure you don’t get given the run around? Well, do your homework, get written confirmation from dealers about the valuation your car. Don’t be bullied by your insurer and check online to get an average price, this will give you good grounds on which to negotiate. Always check the small print of your motor insurance policy so you understand what help you will receive, for example, how long (if at all) will you have a courtesy car. Your final port of call is the Financial Ombudsman; they are the free complaints bureau who will try and obtain a better deal for you.

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